Title : Admission or Rejection of Claims
State : Karnataka
Year : 1996
(1) After examining the claims with reference to the priorities specified in Schedule II, the Commissioner shall fix a certain date on or before which every claimant shall file the proof of his claim. (2) Not less than fourteen days notice of the date so fixed shall be given by advertisement in one issue of a daily newspaper in the English language having wide circulation in the country and one issue of a daily newspaper in the Kannada language, having wide circulation in the State and every such notice shall call upon the claimant to file the proof of his claim with the Commissioner within the time specified in the advertisement. (3) Every claimant, who fails to file the proof of his claim within the time specified by the Commissioner shall be excluded from the disbursement made by..... View Complete Act List Judgments citing this sectionTitle : Disbursement of the Amount by the Commissioner to the Claimants
State : Karnataka
Year : 1996
After admitting a claim under this Act the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due and on such payment, the liability in relation to the Estate in respect of such claims shall stand discharged. View Complete Act List Judgments citing this sectionTitle : Appointment of Executive Officer and Other Officers
State : Karnataka
Year : 1996
(1) The State Government shall appoint an Executive Officer to the Board and such number of other officers as it considers necessary to assist him. (2) The salary and other allowances payable to the Executive Officer, and other Officers appointed under sub-section (1) shall be met out of the fund of the Board. (3) The Executive Officer and other officers appointed by the State Government shall be deemed to be public servants within the meaning of section 21 of the Penal Code. View Complete Act List Judgments citing this sectionTitle : Suits and Other Legal Proceedings by or Against Board
State : Karnataka
Year : 1996
In all suits and other legal proceedings by or against the Board the pleadings shall be signed and verified by the Executive Officer and all process in such suits and proceedings shall be issued to, or served on the Executive Officer. View Complete Act List Judgments citing this sectionTitle : Fund
State : Karnataka
Year : 1996
(1) There shall be a fund called the Board Fund which shall be administered by the Board. (2) The following shall form part of, or be paid into, the Board Fund, namely.-- (i) the income from Estate or proceeds of any property vested in the Board; (ii) all fees and charges paid to, or levied by or on behalf of, the Board under this Act; (iii) all grants and contributions made by the State Government or any other authority; (iv) all contributions and donations made by any person; (v) sums raised by way of loan by the Board with the previous sanction of the State government; (vi) any other sums. View Complete Act List Judgments citing this sectionTitle : Audit
State : Karnataka
Year : 1996
(1) The State Government shall annually appoint an auditor to audit the accounts of the Board and fix the remuneration which shall be paid to such auditor from the Board Fund. The auditor shall send his report to the State Government. (2) The State Government shall send a copy of the audit report to the Board and it shall be the duty of the Board to remedy, within such time as may be specified by the State Government any defects or irregularities pointed out by the auditor and report the same to the State Government. View Complete Act List Judgments citing this sectionTitle : Budget
State : Karnataka
Year : 1996
(1) The Executive Officer shall, every year, prepare within such time and in such form as may be prescribed, a budget and estimated receipts and expenditure of the Board for the following year and place it before the Board which may approve it without modification or with such modification as it deems fit. (2) A copy of the budget passed by the Board shall be forwarded to the State Government not less than two months before the end of the year previous to that for which the budget is prepared. View Complete Act List Judgments citing this sectionTitle : Revision
State : Karnataka
Year : 1996
The State Government may call for and examine the records of the Board or the Executive Officer in respect of any proceedings to satisfy itself as to the regularity of such proceedings or correctness, legality or propriety of a decision or an order passed therein. (2) If it appears to the State Government that the decision or order should be modified, annulled or reversed, it may pass orders accordingly. (3) The State Government shall not pass any order affecting any party under sub-section (2) without giving him an opportunity of being heard. (4) The State Government may stay the execution of any decision or order of the nature referred to in sub-section (1) pending the exercise of its powers under sub-section (2). View Complete Act List Judgments citing this sectionTitle : Payment by the State Government to the Commissioner
State : Karnataka
Year : 1996
(1) The State Government shall within thirty days from the specified date, deposit, in cash, with the Commissioner, for payment to the owners or transferees and other interested persons,- (a) an amount equal to the amount specified in section 7; and (b) an amount equal to the amount payable under section 8. (2) A deposit account shall be opened by the State Government in favour of the Commissioner in the public account of the State, and every amount paid under this Act to the Commissioner shall be deposited by him to the credit of the deposit account and the said deposit account shall be operated by the Commissioner. (3) Records shall be maintained by the Commissioner in respect of the Estate in relation to which payments have been made to him under this Act. (4) The interest..... View Complete Act List Judgments citing this sectionTitle : Examination of Claims
State : Karnataka
Year : 1996
(1) On receipt of the claims made under section 15, the Commissioner shall arrange the claims in the order of priorities specified in Schedule II and examine the same in accordance with such order of priorities. (2) If, on examination of the claims, the Commissioner is of opinion that the amount paid to him under this Act is not sufficient to meet liabilities specified in any lower category he shall not be required to examine the claims in respect of such category. View Complete Act List Judgments citing this section